Rs 24,050.90 crore order book: This civil construction company enters into JV with Patel Engineering Ltd for order worth Rs 1,275.30 crore!
The stock is up by 27 per cent in just 1 month and over 90 per cent in 3 months.
Dilip Buildcon Ltd informed that the company through Dilip Buildcon Limited – Patel Engineering Ltd [DBL-PEL (JV)] has declared as L-1 bidder for the tender floated by the Madhya Pradesh Jal Nigam, Ujjain, Madhya Pradesh.
The order includes engineering procurement construction testing commissioning trial run and operation and maintenance for 10 Years of Narmada Gambhir Multi Village Drinking Water Supply Scheme District Ujjain in a Single Package on a turn key job basis. The order is worth Rs 1,275.30 crore and will be completed in 24 months from LOI.
Order Book Update: As of June 30, 2023, the company's order book stood at Rs 24,050.90 crore, with orders from various business divisions, including Roads & Highways, Metro, Irrigation and Water Supply.
Quarterly Results: The net sales increased by 1.26 per cent to Rs 2,920.78 crore and net profit skyrocketed by 122 per cent to Rs 12.31 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 0.87.
Dilip Buildcon Limited is presently in the business of development of infrastructure facilities on an EPC basis and undertakes contracts from various Governments and other parties and special purpose vehicles promoted by the Company. The company has a market cap of over Rs 4,500 crore.
Want more insightful stories along with recommendations?
Get a 3-month subscription to experience the power of our flagship DSIJ Magazine (online edition) for just Rs 800/- Click here to subscribe now
On Wednesday, shares of Dilip Buildcon Ltd plunged 0.21 per cent to Rs 307.30 per share with the day’s high of Rs 310.90 and low of Rs 306.45. The stock is up by 27 per cent in just 1 month and over 90 per cent in 3 months. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.